Officials at the Federal Reserve this week signaled that it’s too early to declare victory in the battle to bring inflation back to the 2% target, despite some signs of improvement. That could tamp down optimism for a speedy rebound for the mortgage industry. 

According to the minutes from the Federal Open Market Committee (FOMC) meeting in December – in which officials raised the federal funds rate by 50 basis points – monetary policymakers agreed that the inflation data in October and November was promising. It showed that the pace of price increases was slowing. 

“But they stressed details ⇒

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